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  • Writer's pictureVernon Lacey

Consolidating credit commitments into your mortgage

This is the area where the remortgage market has already shrunk significantly. So if you want to trim down your outgoings and reduce your typical monthly commitments then it may be wise to act now rather than waiting.

Bear in mind though, that in many cases consolidating credit commitments into a mortgage does not represent the best value for money and may be more expensive than alternative options like balance-transfer deals or converting credit card debts into a personal loan for example.

It’s also important to note that you convert typically unsecured credit commitments into one secured against your home, meaning you stand to lose your most precious asset if you default, where previously there may have been no risk of this at all.

We can help you get a picture of whether a debt-consolidation remortgage is the correct solution in your circumstances.

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